Metso Paper USA Joins Lignol's Industrial Consortium

VANCOUVER, April 5 /CNW/ - Lignol Energy Corporation ("Lignol", TSX-V: LEC) a leading technology company in the advanced biofuels and renewable chemicals sectors, today announced that Metso Paper USA, Inc. (Metso) has joined Lignol's Sustainable Development Technology Corporation (SDTC) funded consortium.

"Lignol is  pleased to welcome Metso as an industrial consortium member and we look forward to continuing the excellent relationship we've developed with them over the past several years," said Ross MacLachlan, President & CEO. "Metso's contribution of support to our SDTC Project is anticipated to accelerate the development of our technology as we continue to drive down capital and operating costs."

About the SDTC project

SDTC is an arm's length foundation created by the Government of Canada which operates two funds aimed at the development and demonstration of innovative technological solutions. In addition to funding from SDTC's Tech Fund, Lignol has received financial and in-kind support from its consortium partners to pilot and commercialize its Biorefinery Technology.

The current project focuses on implementing three major innovations:

  • Enhancing  Lignol's biorefinery to generate multiple co-products and handle diverse feedstocks, including long-dead, beetle-killed Lodgepole pine;
  • Greater use of the hemicellulose-derived sugars to increase yields of ethanol and other sugar platform chemicals such as glycols; and
  • Demonstrating higher value applications for Lignol's High Purity HP-L™ Lignin.

About Metso

Metso is a global supplier of sustainable technology and services for the mining, construction, power generation, automation, recycling and the pulp and paper industries. Metso has about 28,500 employees in more than 50 countries worldwide. For more information about Metso, please visit their website at www.metso.com.

About Lignol

Lignol (TSX-V: LEC) is a Canadian company undertaking the development of biorefining technologies for the production of advanced biofuels, including fuel-grade ethanol, and renewable chemicals from non-food cellulosic biomass feedstocks. Lignol's modified solvent based pre-treatment technology facilitates the rapid, high-yield conversion of cellulose to ethanol and the production of renewable chemicals, including high purity HP-L™ lignins. HP-LTM lignin represents a new class of high purity lignin extractives (and their subsequent derivatives) which can be engineered to meet the chemical properties and functional requirements of a range of industrial applications that until now has not been possible with traditional lignin by-products generated from other processes. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale. Lignol also intends to invest in, or otherwise obtain, equity interests in energy related projects which have synergies with its biorefining technology. For more information about Lignol, please visit our website at www.lignol.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking statements:

Certain statements contained in this document may constitute forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, without limitation, statements or information about our ability to continue as a going concern and to raise additional financing to fund our Baseline Operations (as defined in the Company's Management's Discussion & Analysis of Financial Condition and Results of Operations for the three months ended January 31, 2011), the development status of our integrated pilot-scale biorefinery in Burnaby, British Columbia, our ability to realize the benefits of our improved process, AlcellPlusTM, our ability to drive down capital and operating costs, the planning and development of our proposed cellulosic ethanol commercial demonstration plant, our ability to exploit commercial opportunities and broaden our market opportunities for a range of cellulosic derivatives and environmentally sustainable renewable chemicals, including our HP-LTM lignin and lignin derivatives and our ability to pursue these opportunities with strategic partners, the ability of Lignol and Novozymes to successfully complete our joint development program, the retention and receipt of future funding by way of government awards and corporate contributions, and our ability to obtain additional project support in the form of loan guarantees. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements or information reflect Lignol's current views with respect to future events and are subject to certain risks, uncertainties and assumptions including, without limitation, the technological challenges that remain to be surpassed in obtaining the necessary operating data from our pilot-scale biorefinery that is required prior to completing the next scale-up of the technology, our ability to satisfy the conditions of existing government grants and to obtain new additional grants, the timely receipt of funding under various government awards and corporate contribution agreements, our ability to continue to finance our Baseline Operations and to finance and complete the development of a commercial demonstration plant, our ability to develop commercial products, our ability to obtain requisite regulatory approvals and our ability to enter into agreements with strategic partners on terms acceptable to us. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Lignol's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, the complexity of the development of the commercial demonstration plant, market conditions which will affect our ability to finance our operations, the price of gasoline and demand for ethanol, the market pricing of renewable chemicals, risks relating to the protection of Lignol's core technology from infringement and those risk factors which are discussed elsewhere in documents that Lignol files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Except as required by law, the Company expressly disclaims any intention or obligation to update or revise any forward looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.


SOURCE Lignol Energy Corporation

For further information:

Lignol Energy Corporation
David Turner
Chief Financial Officer
Tel: 604-453-1241
Email: dturner@lignol.ca

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Lignol Energy Corporation

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